Trader333
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This will all depend on how many contracts are available to take the other side of your trade at the time you wish to place the trade. I know of people who trade 10 without too much of a problem. On the mini S&P I know of some who trade 32 contracts and have never had a problem getting filled but the FTSE is not as liquid. How many contracts were you considering trading ?
Paul
Paul
Trader333
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I can see where GS is coming from in that if you had a lot of contracts then to make sure you get filled you may well would need to move your stop further away. I still think that 5 is not too many though but it is probably worth checking a chart of volume and see if there are times in the day when there is more volume and times when there is less. Obviously if there is a pattern to times of higher volume then I would have thought that it would be easier to get filled. When I traded the FTSE I never had a problem getting in or out of trades but I must admit that I didnt go as high as 5.
Cheers
Paul
Cheers
Paul
My experieince is that slippage can easily be 2 points even with a single contract, but averages out at less than 1.
However this isn't the most liquid of contracts so I would expect that you may get increased slippage with 5 or more contracts.
JonnyT
However this isn't the most liquid of contracts so I would expect that you may get increased slippage with 5 or more contracts.
JonnyT
I tend to trade 5lots a time. If im looking at going at mkt then it depends on the size which is on the bid/offer, but most the time I will always use limits and place bids and offers especially if I want a bigger position (10lots). Problems arise when you have stops and can get hit for slippage. From my experience 10 lots is not a big deal but do expect some slippage of a couple of ticks. If you looking for a more liquid mkt with better size than look at the estoxx.
